The Massive West Oil LLC refinery in North Salt Lake is pictured on Tuesday, Nov. 15, 2022. Ben B. Braun, Deseret Information
I agree with Russell Patterson’s latest opinion that a carbon tax is one of the best ways to mitigate the results of local weather change.
We’re in good firm.
In January of 2019, the previous 4 Federal Reserve Chairs, 28 Nobel Laureate economists and over 3,600 different economists wrote a public letter to that impact. They stated “a carbon tax gives probably the most cost-effective lever to cut back carbon emissions on the scale and pace that's mandatory.” They advised annual will increase to this. They added a carbon border adjustment to maintain our home companies aggressive within the world economic system. They believed that “all of the income collected wanted to be returned on to U.S. residents by means of equal lump-sum rebates” or “carbon dividends.” These dividends would greater than offset the upper price for individuals who had smaller carbon footprints. It might make the polluters pay quite than society as an entire.
Right now, oil firms are making file income, whereas their produced fossil fuels wreak havoc on the planet. We residents are paying for the devastation that local weather associated climate storms go away of their paths. We’re additionally paying for all of the well being points carbon emissions trigger. Let’s reverse this course with a carbon tax.
Jonathan Gentle
Laguna Niguel, CA